Michael Saylor, chairman of the board of directors of the US-based software company MicroStrategy, brought up scenarios regarding the sale of Bitcoins held by the company. Saylor recently stated in his statements on Scott Melker’s podcast The Wolf Of All Streets published on YouTube that the possibility of selling Bitcoin is on the table to pursue long-term company interests.
Sales possibility and reasons
Michael Saylor emphasized that their company holds approximately $65 billion worth of Bitcoin and that if they state that they will “never sell” this asset, credit rating agencies will not see Bitcoin as a real asset. Saylor pointed out that there is a liquidity of 20 to 100 billion dollars in the market and said:
“If we said one day that we would never use this liquidity advantage or dispose of this asset, we would have damaged the value of the company’s asset. Because 98 percent of the company has already been built on this asset.”
These statements came after MicroStrategy touched on the possibility of a Bitcoin sale in its first quarter financial results meeting, sparking debate in the cryptocurrency community. Saylor stated that, if necessary, the sale of Bitcoin may be on the agenda to prevent sudden panics in the market or to increase confidence in the company.
Investment policy and Bitcoin accumulation
MicroStrategy has been purchasing Bitcoin as its primary treasury asset since August 2020. According to the company’s official website, MicroStrategy, which owns a total of 818,869 Bitcoins, reportedly collected these assets with an average purchase price of $ 75,540.
Investors active on social media evaluated Saylor’s approach from different perspectives. In particular, BnkToTheFuture CEO Simon Dixon pointed out that MicroStrategy may be forced to sell Bitcoin due to sudden changes in the financial system.
Recent purchases and messages
MicroStrategy, which does not compromise on its investment policy, bought 535 more Bitcoins for 43 million dollars between May 4 and 10. These purchases show that the company continues to accumulate coins despite the recent fluctuation in the price of Bitcoin. The company made these latest purchases at an average price of $80,340.
Saylor, who frequently calls “Do not sell your Bitcoin” on X (formerly Twitter), gave a more flexible message this time. In his post on May 6, he told the community that they should continue to move in the buying direction, saying, “Buy more Bitcoin than you sell.”
On the other hand, Saylor stated that he wanted to show that MicroStrategy makes decisions in portfolio management based entirely on market developments and that the company always opens the door to flexibility in its asset strategy.
In the Bitcoin community, MicroStrategy’s approach has led to curiosity and debate, especially among large institutional investors, about whether there will be a change of strategy.
